Good news for the environment

To hit the international goal of keeping global warming below 2 degrees Celsius this century, reducing emissions and using renewable energies probably won't be enough. That's why people are becoming increasingly interested in negative emissions technologies, which suck CO2 out of the atmosphere and store it underground or convert it into carbon-neutral fuel. These processes have been too costly to implement on a large scale, however.

But that might change soon: Carbon Engineering Ltd, a Canada-based company that's been running a pilot carbon-capture program since 2015, just raised enough money to build its first commercial-scale negative-emissions facility. The company says its systems can now remove CO2 from the atmosphere at a rate of under $100 per tonne — what's long been considered the benchmark for negative-emissions technology to be cost-effective.

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The ability to profit from carbon capture and conversion would surely help make these processes more cost-effective, and also help increase the amounts of carbon we pull from the atmosphere: Currently, we remove only 1 percent of total carbon emissions.

  Big Think

I don't expect individual capitalists to do something without making a profit (even if it does affect their descendants), but why are governments not contributing to the cost of this?  Cost effectiveness versus planetary destruction. Hmmmmmm...let me think about it.